Word: armours
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Dates: during 1930-1939
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President Ivey was Virginia-Carolina's counsel in 1932, when internal troubles over a proposed merger with an Armour & Co. fertilizing subsidiary brought Mr. Kemp to the fore and began Virginia-Carolina's warfare. A tightlipped, poker-faced Baptist, Mr. Ivey is 50, a Georgia farm-boy with a law degree from Columbia University who was "reared between the plough-handles." 1886-1936 "At the annual meeting in 1886, Mr. Coolidge, then Treasurer, called your attention to the trend of [the cotton] industry southward. In 1889, 1891, 1896 and 1897 he stressed the same idea, pointing...
...Green comes to Camp on Soldiers Field with very small Ray of Sunshine, but the Hull game is right in the Crimson Handrahan. Harlow blocking and tackling will Lynch the Dartmouth hopes, Bott Coach Blaik will resort to strategy in Casey finds his Armour vulnerable. Kenny Frick the works? Sage thinks...
Actual hostilities began in June 1932, when George Wilson, then Virginia-Carolina president, tried to arrange a merger with a fertilizing subsidiary of Armour & Co. Mr. Kemp was then not even a director, but as a stockholder and as a member of Bryan & Kemp, Richmond brokers, he took an interest in Virginia-Carolina's welfare. Objecting to the fact that the merger gave Armour a 61% interest in the new company, he rallied stock-holders against the consolidation, blocked it. Soon Mr. Wilson resigned, was succeeded by Vice President George Holderness. But the anti-Kemp, promerger faction remained unsatisfied...
...prices. Old bush-bearded Leonor Fresnel Loree, who two years ago stepped out at 74 to buy a 10% interest in New York Central for his rich little Delaware & Hudson, was spotlighted as a likely bidder. Another suggestion was Frederick Henry Prince, crusty septuagenarian Boston banker who jumped into Armour & Co. a year ago. While either Loree or Prince could undoubtedly lay hands on enough cash, neither at his age would probably be eager to undertake the rehabilitation of $3,000,000,000 worth of properties...
Leather. Meanwhile most solvent corporations will continue to thresh out recapitalization plans with security holders and creditors outside the courts. Two notable companies which have completed this process are Wilson & Co. and Armour & Co. One still in the throes of reorganization without recourse to Section 77b last week was American Hide & Leather...